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20121201
20121231
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FBC 22
CNBC 8
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CNN 2
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English 79
Search Results 0 to 49 of about 79 (some duplicates have been removed)
FOX Business
Dec 9, 2012 1:00am EST
's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian, you can go ahead and respd. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts,f you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you letush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes a the lot and cut spending a lot and so austerity plan, that would have an impact. democrats were fopouring more money into the compl with stimulus and republicans wanted austerity and jonas' point is an argument against what conservatives were pushing for. >> brenda: all right. toby. >> what's the question? >> driving a smart car. >> and we did a survey of 1500 smal
CNBC
Dec 11, 2012 4:00am EST
. there is no argument there as there wasn't for greece. we know the countries, italy, greece is in a crisis and it's a crisis due to lack of competitiveness. going back to the currency, under the currency they create a wave of all sorts of problems including inflation and i think it is not a good route. >> well, i do rather agree with paula on this one. the problem with the euro is it gives you easy and quick solutions. and we're going to keep developing your currency. as you go back to the old days where you keep lowering your currency and you pay relatively high rates on your debt. so the appeal of the euro in the beginning was, oh, chief debt. it looked like christmas. now we're discovering that that regime, a ten-year regime where many peripheral countries got hammered. only germany sort of really held it together. now we have to look at how to undo this. for countries who have no ambition about their future, then maybe the policy is the way to go. italy had so many things going for it that falling back, that seems almost -- >> how about the service in the g-7. >> italy is two countries. it's
FOX News
Dec 10, 2012 2:00pm PST
ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that have had bleed of workers? >> eric: i will make a wage with you. now that snyder signs it off and right to work, i bet an auto company goes -- brand new, never done business before in detroit. >> kimberly: you will lose this bet, bob. >> eric: coming up, 2004 south korean singer rapped about killing americans in 2019 and is invited to perform for president obama. ♪ ♪ >> eric: maybe not. we will gangmam bang it out next. and make sure you go to the facebook page. we are updating and posting facebook.com/thefivefnc. click like. we'll be right back. ♪ ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only
MSNBC
Dec 11, 2012 2:30am PST
it from becoming greece. the game you're talking about is small ball. you're talking about raising the ceiling for 11 days. how about doing something big these not liberal. every idea is a liberal idea. how about manning up, mr. president and use your mandate to bring this country together to stop us from becoming greece. >> man up. with jim demint leaving, a new poll shows who they wants a his replacement. put your votes in. a very funny south carolinian. the one and only stephen colbert. the comedian miami tops the list. this is an honest poll. 20%. tim scott comes in second. colbert addressed the speculation around his potential candidacy on his show last night. >> there's already a twitter page, facebook, draft colbert website. i can tell you having done a show with him in charleston, he's an absolute rock star in that state. >> yes, i am a rock star in south carolina and not just because i ended my rally there with herman cain by biting the head off a dove. now, my network contract prohibits me from taking on another full-time job, so the sfl senate would be perfect. >>> south
FOX News
Dec 10, 2012 6:00am PST
or any american congress borrow anymore money until with fix this country from becoming greece. that requires significant entitlement reform to save social from bankruptcy and medicare from bankruptcy. social security is going bankrupt in about 20, 25 years. medicare is going bankrupt in 15 or 20 years. the baby boomers are coming in at 10,000 a day. and we just can't scene this. martha: president last week said we'll not play that game. last time around they wouldn't let the debt ceiling go up, i tell you right now, something to this effect we will play that game. >> we will play that game, mr. president. that is not a game. the game you're play something small ball. you're talking about raising rates on top 2% that would run the government for 11 days. you got reelected. how about doing something big that is not liberal? how about doing something big that is bipartisan. every big idea he has is a liberal idea that drowns us in debt. how been maing up, mr. president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o'n
FOX
Dec 10, 2012 4:00am PST
-debt nations like spain or greece, then you are probably going to see that safety play back off a little bit. > there are always places to park money. good to have you on the show this morning. have a great trading day. > > you too. if you're not yet fully awake this monday, here's one thing to open your eyes: after years of higher and higher coffee prices to consumers, brazil, which produces a third of the world's coffee, may turn prices around. a record crop there last year is being followed by another bumper crop. our cover story takes a look at what it means for coffee futures and retailers. brazil is expecting a record coffee crop again, just one year after its biggest harvest ever. "that would be a fabulous production." jack scoville, a commodities broker in chicago, says the bumper crop is the direct result of more coffee farms planted in brazil when a series of small crops drove prices high a couple of years ago. "it's because new trees and new areas are coming on." falling futures aren't great for investors, but may have coffee consumers buzzing. "if it's premium coffee, i'll buy a
FOX Business
Dec 11, 2012 8:00pm EST
greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the president needs to get involved. neil: the language changed a little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years, that republicans are losing their verve. some more conservative members have said we lost an election but we did not lose everything that we stand for, yet, everything i hear talked about, are concessions on part of th
FOX News
Dec 11, 2012 6:00pm PST
. because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporting a system that has led to no jobs in that state? the state is bankrupt. it is detroit. you don't -- >> next question. is michigan a preview of coming attractions for america because of democratic policies? because that is the outcrop of what happened in michigan. >> we have a series of greeces around the country. and one piece of good news is probably the first state to go bankrupt is california. california is so left wing, they could never elect a republican governor. neither republicans or democrats have an incentive to bail it out so i don't think we will see a federal bailout. fortunately california will go first and probably not michigan. >> ann coulter, great to he sue. >> last show of the year. see you next year, sean
CNBC
Dec 11, 2012 6:00am EST
to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or what happens systemically. >> is this your sequel? >> i was on the phone last night. one of the two publishers that
Current
Dec 3, 2012 6:00am PST
'll lose everything we know as america if we don't fix entitlements. we're becoming the greece of out-of-control spending. [ ♪ dramatic ♪ ] >> it in no way does that. >> stephanie: shut down that argument. the spending graphs of who -- >> nonsense. >> also, greece is falling apart because of the austerity programs implemented by the inf and the world bank. >> stephanie: we have references on that. they're wrong wrong wrong on everything. [ wah wah ] >> stephanie: i'm flabbergasted how wrong they are. 17 minutes arrive the hour. you know what else flabbergasts me? being able to carbonate soda in 90 seconds. >> my friend had a soda stream. i got to do it. it is amazing. >> did you karate chop? >> no but it is amazing seriously. >> stephanie: you're such a sad little man. >> i don't get out much! >> stephanie: new way to enjoy great-tasting soda made fresh at home. >> i'm flabbergasted. >> stephanie: flabbergasting how good it is with bourbon. you can make it fresh at home. everybody loves a soda s
FOX News
Dec 18, 2012 10:00am PST
to turn into greece first. depending on which of these scenarios we are talking about. it's all nothing. eventually they run out of money. the fed keeps print it. megyn: if we are going to be greece i would like a good euro. thank you. as the newtown shooting ignited a debate on gun control, some are talk about the assassination attempt of president reagan and his view on guns. michael reagan is here in a must-see interview. a michigan man is head to court after he decided to make a citizen's arrest of a police officer. here he is trying to pull the cop over. >> i said sir, you need to wear your seat belt. and it set me off. i was mad as hell. since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter'like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightho
CNN
Dec 9, 2012 9:00am PST
to happen in europe, and we don't know what's going to happen in greece and we don't know what's going to have in the euro zone and the energy needs in china and india and industrialized nations. what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those
FOX Business
Dec 9, 2012 11:00pm EST
to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with economic and budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the speakers firmest in the strongest statements yet. >> this is in a progress report because theres no progress to report. the white house has wasted another week. there are a lot of things that are possible to put the revenue on the table, but none of it is going to be possible. the president insists on his position. insists on my way or the highway. lou: inconveniently the congressional budget office today reported that the federal deficit is already bulging. the cbo reports for the first two months of fiscal 2013 that number $2,902,000,000,000, $5billion more than the same two month time span last yar. and the labor department today reported the unemployment rate fell to the 77%. good news, the lowest jobless rate in four years. the lower unemployment rate, however, the consequence of the more than 300,000 people who dropped out of the w
FOX Business
Dec 11, 2012 6:00pm EST
at greece. they are 162%, we are not near that, but do you worry this could bring us there someday? >> well, that's exactly the right metric to think about how much debt we have relative to how big we are. that's how we think about how much house we can afford on an individual level, and that's how the government should be thinking too. how much the u.s. government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't be spiraling out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise taxes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> well, it's interesting. you
FOX Business
Dec 14, 2012 8:00pm EST
is america's greece. we continue see them, you know, gone past the proverbial, you know, they have gone over, and it feels weir base there's people re-election -- weird because there's a lot of people who are relatively poor, and if you're rich, you can handle it, but they both are together on the same things, and it's those people in the middle, those 1 million, by the way, who left in the last ten years to go to texas because they are the ones who get crush in all of this, and real opportunities are a loss for everyone, and at some point, you hit a break wall. it's happening around the world right now. neil: how many will actually use it for the intentions it has? >> from what i read, they admit programs like this around the country have been ripe with all kinds of frauds. i would suspect a vast majority sell it. i can't imagine, you know, a lot of homeless people are drug addicts, you know, we got -- by the way, we got a lot of programs out there. you know, for homeless people, and we got a ton of programs. i know people who have not worked in 30 years. they are alive. they have been thro
FOX Business
Dec 7, 2012 4:00pm EST
, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if we take the consumer back and put them in the jobs report we did see the number of hours increase as did wages. what do you make of that? does that give you hope? >> it does. if you look at car sales in november, automobile sales, fifteen million vehicles were sold in november. highest since december of 2007. that weakness we saw in cars and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 20
FOX News
Dec 20, 2012 3:00pm PST
in. and that that is unsustainable. the question is does that all lead to greece? part four of our series "the cost of spending" looks at dangerous consequences. interest rates and the role of the federal reserve. >> if a government destroys the value of currency, it will destroy the middle class. >> ron paul railed against the federal reserve and got applaud from growing clouds. >> we don't have the money, run out of borrowing power and guess what they do? they start printing money. >> despite paul and others' criticism the fed acted more aggressively. doubling down on printing more money each month to keep interest rates low for the future. >> it's likely warranted through 2015. >> why are they doing it? go back to the national debt clock. remember, we were staring at it it early in series. the debt to gdp or gross domestic product ratio is at 102%. the highest since just after world war ii. that is with extremely and historically low interest rates. even at these rates, that interest will cost the u.s. more and more every year. $222 billion in interest payments on the debt this
FOX News
Dec 7, 2012 3:00pm PST
. >> republicans frequently argue it's critical to get a handle on the deficit before the u.s. becomes like greece. there is a terrible economy with 26% unemployment highest in europe, almost no job opportunities for young people frequentenly lead toro riots in the streets. here is leading democrat is suggesting cutting spending too quickly is a real problem. >> the european community now is concerned about all the austerity. there are many, many things you can do to reduce debt. but still have a stimulus aspect of the economy. >> experts though say europe's us aer the city a drag on the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -
FOX News
Dec 12, 2012 1:00pm PST
to think that but now i think we are. people want something for nothing. greece where they are rioting because they can no longer retire at age 40 or whatever it is. once people get free something, they feel entitled. and they want free everything. >>neil: john stossel, great show, and he has a studio and student audience and they will wait outside here for hours. hours. we tried to get some people coming to a book signing -- nothing. in the meantime, it is not quite time for my annual holiday shopping tips for men or for women but it is time for my single most important thing you can do if life to assure a great life tip for everyone. after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. . to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart i
CNBC
Dec 10, 2012 6:00am EST
of trying euro trend. >> that's fine. >> misery loves company. we can have it all forever, like greece. >> we're not greece. and that's the whole point. neither is britain which is pretending its greece, and look where it's getting them. britain's not growing at all. >> would you do some stimulus? >> i probably would, yeah. >> what kind? >> there's a ton of infrastructure that needs to be done in this country. >> then do it. and borrow money -- >> it's free. we can borrow money for free for 30 years in real terms. the market is not telling the u.s. to tighten fiscal policy. it's telling the u.s. to borrow some money. >> can you make sure we only do things -- we're not going to fill high speed rail lines between cities no one wants to travel to? >> if you spend a billion dollars i can't guarantee that every last cent of it is going to be spent properly. >> how moan solyndras will be in that balance? >> only two. >> you have to deal with the issues that krugman never deals with. i love the explanation we should spend spend spend. what happens when interest rates rise? two is you're talki
CNN
Dec 30, 2012 6:00am PST
but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw it coming, why did congress wait so long to do something about it? why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> we are back. let me just go back to one point, and that is there are people sitting around wondering whether their taxes will go up. i want to ask you again about the chances of you think of somethin
CSPAN
Dec 15, 2012 7:00pm EST
. the way that we look back and preserve the, you know, some of the ruins in rome and greece. i don't think we want to lose that. you know, as far as what it becomes, i have no idea. sorry. [laughter] >> yeah, back there. >> [inaudible] >> former neighbor. >> exactly. great neighbor, by the way, also. [laughter] my question is, you know, i love detroit, moved to new york also, moved back, and just tremendously in love with the city still. i've been back now for six years, and just, i mean, every day there's shotgun new about the city that i just fall -- something new about the city that i just fall in love with. i live outside the city, but the question is what neighborhood or area did you find most fascinating? just really just wowed, this is the cool or the bomb shell, you know, that you just could not, you know leave out of, and you just had to go there, like, the next day. >> i'll mention two. first, our street. this was another weird moment. i was looking for a sort of semifurnished apartment, found it on craig's list, and there was a single block, you know, a service street, yeah, not
FOX Business
Dec 11, 2012 4:00pm EST
seeing signs of stress again with the concerns about leadership in italy, and problems in greece, and should we pay attention to that than the fiscal cliff discussions? >> well, you know, right now, doesn't seem like the market is paying attention to that right now. it reminds me a lot of september, before the election, when the s&p's rallied. everything was con taped. we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market expecting from the fed? in what way will they be excited or disappointed? >> well, i think the market, if you look at the options market, the flows into the ten year treasuries, it's implying 85 billion per month. the reason
MSNBC
Dec 10, 2012 5:00pm PST
or any american congress borrow anymore more money until we fix this country from becoming greece. and that requires significant entitlement reform. >> meanwhile, president obama and house speaker john boehner met sunday at the white house. the spokespeople for both men said they agreed not to release details or characterize the meeting. it was their first one-on-one meeting in 18 months as boehner spokesman michael steele says he is still waiting on a counteroffer from the president to last week's republican offer. in michigan today president obama said the house just needs to pass the bill already passed by the senate. >> congress lets middle class taxes go up, economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> president obama still has the american people firmly on his side. this is what the republicans don't get, apparently. 60% support raising taxes on households
MSNBC
Dec 11, 2012 7:00am PST
us from becoming greece. >> i want to bring in national political reporter for the ap and matt welch, editor and chief of "reason" magazine. good morning. >> good morning. >> so last night apparently team obama called boehner and asked for more details on taxes. boehner's office said they're waiting for more details on spenting cuts. liz, why does it matter who gives what details first? what's the game here? >> well, i think what you're saying is whoever gives the details first, the other side is going to have an advantage to either position against those details. you know, the white house during health care debate, for example, was very -- it was, you know, step back and didn't give many details as to what they wanted to do because at the beginning because they didn't want to target on their back. i think this is almost a game of chicken right now. the problem is it's a game of chicken with very, very high stakes. and you've got the white house out there, you know, publicly putting pressure on republicans by sending obama, for example, to michigan but gamt trying to negotiate behind
KRON
Dec 31, 2012 4:00am PST
with stories of joy, sadness, greece, elation, and astonishment. >> let us take a look back at some of the top stores from 2012. >> (cheers and applause) thank you so much. >> we want to be free. >> ♪ an italian cruise ship capsize. >> nearly 23% and unemployment. >> viral socially is sites. >> my name is sandra flux. >> the largest ipo in tech history. >> want article has the entire country talking. >> the president says he now believes that same-sex marriage should be legal. >> we now know the name of a suspect slain in the movie theater shooting. >> police now tells the in in people have been shot in front of the empire state building. >> basalt. >> that's all. >> jerry sandusky was sentenced to a minimum of 30 years in prison. >> to paternal is gone. >> (cheers and applause) the british people are going gaga . >> someone's old photographs of prince harry naked during a strip on billiards game. but the wrong? why now? >> flooding shut up? >>--what do you mean shut up? >> christopher stevens and three other embassy staff are dead. >> all the effects of hurricane sandy. >> said he has carve
CNBC
Dec 11, 2012 1:00pm EST
towards greece and european decline. we all know and both parties recognize a resolution to medicare liabilities has to be part of a solution. >> give me one idea you would be ready to sign onto today that would significantly reduce medicare spending. >> we've already passed such a solution in the house. last year we passed legislation that would reform medicare. the budget paul ryan, chairman of the budget committee put forward, passed it to the house, senate hasn't passed a bunl in 1,000 days. we weren't able to get them engaged on that topic. that proposal able to bend the cost curve in medicare, put us toward the budget and preserve medicare exactly the way it is for current retirees. that's the balance you have to strike. that legislation struck a balance of 55 and above keeping medicare exactly the way it is and making changes for those in their 20s and 30s and 40s. most people i talk to in those groups understand we've got to reform medicare to save it and balance the federal budget. >> congressman, good luck to you. hopefully we'll see you on the other side of a deal. sue. >>
NBC
Dec 18, 2012 3:00am EST
that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. that's still the case. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a depression? i think they'll have slow growth for years. we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform through the summer and fall with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. final
CSPAN
Dec 26, 2012 7:00am EST
at the pace it has been growing. we do have an advantage that greece does not have. we print the world's money. we cannot expect the dollar will be keen to tomorrow. -- forever. if the europeans can manage their deficit and we cannot, the world will switch to euros. there is a tweet here -- guest: the cbo is supposed to be a political, but it cannot be too alarmist. if we go over the cliff, we are looking on january 1, some of this is already milton. about $600 million -- $650 billion in spending cuts and tax increases. that is about 4% of gdp. that is an enormous negative stimulus. a detraction from demand. that would surely be a deep recession. the cbo relies on simulation models that did not take into consideration investor sentiment, the reaction of consumers, and so forth that they wholly lose confidence in their government. if we go over the cliff and stay there, people will start to conclude that washington cannot manage its affairs. all bets are off on economic modeling. it is impossible to say what happened that other than it would be very negative. host: one piece that you actually d
Search Results 0 to 49 of about 79 (some duplicates have been removed)